Eden Sivan Of Asset Based Lending Closes $2,200,000 Construction Loan In East Hampton

A luxury single-family home is located in East Hampton, NY. The property is involved in a ground-up construction project and is part of a strategic below-market acquisition aimed at creating value through its development.

Summary of transaction details:

• Property Type: SFR
• Transaction Amount: $2,200,000
• Lender: Eden Sivan - Asset Based Lending
• Loan Type: Construction
• Loan Terms: 18-Months Ground Up Construction Loan

Eden Sivan, representing Asset Based Lending, facilitated the construction financing for the project. The lender's expertise in in-house underwriting and streamlined closing processes allowed for decisive action on valuable construction opportunities. This transaction illustrates ABL's commitment to expanding its construction financing capabilities across Long Island.